RHB Investment Research Reports
Trading Stocks - KPJ Healthcare
rhbinvest
Publish date: Mon, 18 Nov 2024, 11:38 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
KPJ Healthcare is poised to continue its upside movement after breaking past the resistance level with strong volume. The stock printed a white candlestick and closed above the MYR2.20 resistance level, showing that strong bullish momentum is in play. Based on the momentum, the stock may test the next resistance level at MYR2.35, followed by the one at MYR2.50. However, if it falls below the MYR2.05 support level, the bullish setup will be negated.
Source: RHB Securities Research - 18 Nov 2024
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